Monetary Policy of Romania: A Critical Review
Monetary Policy of Romania: A Critical Review
Author(s): Alexandru-Mircea Nedelea, R. Malar KumaranSubject(s): Economy, Economic policy, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: Monetary Policy; Financial Statistics; Interest Rates; Central Bank; ECB;
Summary/Abstract: The monetary policy is the backbone of economic system. It is equally important instrument of regulating inflation with or without inflation target. Romania has rightfully adopted to price stability despite the fact that European Union and European Commercial Bank preferred price stability. JM Keynes in his General theory suggested that the monetary policy would be associated with interest rates for credit expansion and contraction for employment and growth. John B Taylor and other economists have opted for other measures including sacrifice of economic growth for inflation targets. The policy mix does play important role in this regard among other options. There are different views on price stability and financial stability while deciding the monetary policy options.
Journal: Ecoforum
- Issue Year: 6/2017
- Issue No: 2
- Page Range: 0-0
- Page Count: 8
- Language: English